Platinum Group Metals Ltd. reports company developments tied to the Waterberg Project, its material mineral property on the Northern Limb of the Bushveld Complex in South Africa. The project is planned as a mechanised, shallow, decline-access mine for platinum, palladium, rhodium and gold, with copper and nickel by-products.
Recurring news includes financial results, project-development updates, construction-financing and concentrate-offtake objectives, equity financing activity, and shareholder governance matters. Company updates also reference its initiative through Lion Battery Technologies using platinum and palladium in lithium battery technologies.
Platinum Group Metals (PLG) reported that majority-owned Lion Battery Technologies completed the first phase of independent testing and battery technology scale-up. Testing by the Battery Innovation Center in Newberry, Indiana, validated Lion's electrode technology in prototype lithium-sulfur cells. Platinum group metal catalysts improved capacity and rate capability compared with non-catalysed cells; palladium-rich formulations delivered the strongest overall performance.
Platinum Group and Valterra Platinum approved funding for the next development stage. The programme will manufacture and test pouch-cell prototypes in several performance configurations, optimise catalyst formulations and evaluate target applications, including drones. The resulting data will inform further commercialisation plans.
Platinum Group Metals (NYSE American: PLG, TSX: PTM) reported third quarter fiscal 2026 results for the period ended May 31, 2026 and provided a Waterberg project update. The company’s key asset is the Waterberg platinum group metals project in South Africa, held through Waterberg JV Resources, where Platinum Group’s direct interest is 37.42% plus a 12.97% indirect interest via Mnombo.
For the nine months ended May 31, 2026, the company recorded a net loss of $2.88 million (vs. $3.40 million a year earlier), or $0.02 basic and diluted loss per share. Finance income was $0.97 million. Waterberg project expenditures were about $1.8 million, bringing accumulated net costs capitalized to $55.2 million and total project spend since inception to approximately $92.9 million.
Funding activities included completing the 2025 ATM program with 22.73 million shares sold for $50 million gross, and launching a new 2026 ATM of up to $60 million, under which 1.06 million shares were sold in the quarter for $2.01 million gross. A Rand 92.1 million Stage Six Budget and a Rand 27.4 million supplemental T-Zone budget support pre-construction, metallurgical drilling and staged mine development studies, alongside early site works, power, water and community infrastructure programs.
Platinum Group Metals (NYSE American: PLG) reported Q2 fiscal 2026 results for the six months ended Feb 28, 2026, with a net loss of $3.84 million and basic and diluted loss per share $0.03.
The company closed a $50.0 million 2025 ATM and launched a new $60.0 million 2026 ATM to fund staged Waterberg Project development; $55.5 million of project costs were capitalized at period end and total historical expenditures are ~$92.3 million.
Platinum Group Metals (NYSE American: PLG; TSX: PTM) entered an at-the-market equity distribution agreement effective March 10, 2026 to raise up to US$60.0 million of common shares under a 2026 ATM Program.
Proceeds are expected to be used over 24 months for staged development at the Waterberg Project and general corporate and administrative purposes. The agreement terminates on December 13, 2026 or earlier if the US$60.0 million cap is reached.
Platinum Group Metals (NYSE American: PLG) reported results from its Annual General Meeting held February 24, 2026 in Vancouver. Shareholders representing 51.38% of outstanding voting shares attended. Management's six director nominees were elected and auditors PricewaterhouseCoopers LLP were re-appointed.
Shareholders approved the Amended Share Compensation Plan (78.82% for) and the Amended and Restated Deferred Share Unit Plan (98.11% for), each extended to February 24, 2029. The auditor re-appointment passed with 99.40% of votes cast.
Platinum Group Metals (NYSE American: PLG) reported Q1 FY2026 results for the period ended November 30, 2025, and provided a Waterberg Project update and outlook.
Key points: a net loss of $1.84 million for the quarter; $51.2 million in accumulated net costs capitalized to Waterberg; total project spend since inception of $91.6 million; 2025 ATM sales totalling $40.0 million gross (19,331,648 shares). Waterberg JV approved a Stage Six Budget of Rand 92.1 million (~$5.11 million) for work through Aug 31, 2026. Management is pursuing development financing, concentrate offtake options and staged mine-development alternatives.
Platinum Group Metals (NYSE American: PLG) reported annual results for the year ended August 31, 2025 and updates on the Waterberg Project in South Africa.
Key points: the company recorded a net loss of $4.54M, capitalized $49.2M to Waterberg (total project spend ~$91.1M to date), completed a Waterberg DFS Update, and sold Common Shares under a 2025 ATM program for gross proceeds of ~$22.36M (8.94M sold in‑period at $1.47 avg; 3.73M sold post‑period at $2.46 avg). Joint venture ownership and funding dynamics changed after Implats paused cash calls; PTM funded shortfalls increasing its direct interest.
Platinum Group Metals Ltd. (NYSE American: PLG) has reported its financial results for the nine months ended May 31, 2025, highlighting its focus on advancing the Waterberg Project in South Africa. The company posted a net loss of $3.40 million, an improvement from the $4.02 million loss in the same period last year.
Key developments include closing an $1.0 million private placement, implementing a $50 million ATM equity program which has raised $12.27 million to date, and signing an MOU with Ajlan & Bros and Saudi Arabia's Ministry of Investment for a potential PGM smelter and base metal refinery. The company also reported positive results from its Waterberg DFS Update and approved a Rand 42 million interim budget for project continuation.
The Waterberg Project, owned 37.32% by Platinum Group (plus 12.97% indirect interest), is planned as a fully mechanized PGM mine projected to be one of the largest and lowest-cost underground platinum operations globally.Platinum Group Metals Ltd. (NYSE American: PLG) has completed a non-brokered private placement with major shareholder Hosken Consolidated Investments Limited (HCI). The company issued 800,000 common shares at US$1.26 per share, raising gross proceeds of US$1,008,000. The placement allows HCI, through its subsidiary Deepkloof Limited, to maintain a 26% interest in the company.
The proceeds will fund Platinum Group's share of pre-construction site work, engineering, and preparation costs at the Waterberg Project in South Africa, along with general corporate and working capital purposes. The issued securities have a four-month plus one-day trading restriction and are not registered under the U.S. Securities Act of 1933.
[ "Raised US$1,008,000 in gross proceeds for project development and working capital", "Maintained strategic partnership with major shareholder HCI at 26% ownership", "Funds secured for pre-construction activities at Waterberg Project" ]